SolarWinds Co. (NYSE:SWI - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 205,234 shares were traded during trading, a decline of 53% from the previous session's volume of 440,938 shares.The stock last traded at $11.22 and had previously closed at $11.71.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a research note on Thursday, February 1st. They issued a "neutral" rating and a $14.00 price objective for the company. Truist Financial assumed coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They set a "hold" rating and a $13.00 price objective on the stock. TheStreet raised shares of SolarWinds from a "d+" rating to a "c-" rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada increased their target price on SolarWinds from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.50.
Get Our Latest Report on SWI
SolarWinds Stock Performance
The firm's 50 day moving average is $12.33 and its 200 day moving average is $11.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $1.89 billion, a P/E ratio of -226.40 and a beta of 0.97.
SolarWinds (NYSE:SWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. Analysts anticipate that SolarWinds Co. will post 0.62 EPS for the current year.
SolarWinds Announces Dividend
The firm also recently declared a dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd.
Hedge Funds Weigh In On SolarWinds
Hedge funds have recently modified their holdings of the stock. Voss Capital LLC grew its position in SolarWinds by 145.6% during the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker's stock worth $35,853,000 after purchasing an additional 1,701,736 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of SolarWinds by 98.3% during the first quarter. Wellington Management Group LLP now owns 1,244,390 shares of the software maker's stock valued at $10,702,000 after buying an additional 616,939 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SolarWinds by 113.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,088,937 shares of the software maker's stock valued at $14,494,000 after acquiring an additional 577,938 shares during the period. BlackRock Inc. raised its stake in SolarWinds by 31.0% in the 1st quarter. BlackRock Inc. now owns 2,243,244 shares of the software maker's stock worth $29,857,000 after acquiring an additional 531,131 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in SolarWinds by 23.0% during the 4th quarter. Legal & General Group Plc now owns 2,519,163 shares of the software maker's stock worth $23,257,000 after acquiring an additional 470,462 shares during the period. Institutional investors and hedge funds own 93.96% of the company's stock.
About SolarWinds
(
Get Free Report)
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.
Read More
Before you consider SolarWinds, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolarWinds wasn't on the list.
While SolarWinds currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
